fraud

Fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law, a criminal law, or it may cause no loss of money, property or legal right but still be an element of another civil or criminal wrong.

CFPB Sues Zelle and 3 Owner Banks, Alleging Insufficient Safeguards

CFPB Sues Zelle and 3 Owner Banks, Alleging Insufficient Safeguards
CFPB Sues Zelle and 3 Owner Banks, Alleging Insufficient Safeguards
December 20, 2024  |  Legal

The Consumer Financial Protection Bureau sued Zelle operator Early Warning Services and three of its owner banks — Bank of America, J.P. Morgan Chase and...

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Ingo Payments’ Edwards: 2025 Will Change the Rules for Bank-FinTech Partnerships
Ingo Payments’ Edwards: 2025 Will Change the Rules for Bank-FinTech Partnerships
December 20, 2024  |  Partnerships

As the banking and payments sector stands on the cusp of 2025 on a new regulation-averse government worldview, one of the issues that bears watching...

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The Payments Problem Small Businesses Don’t Know They Have
The Payments Problem Small Businesses Don’t Know They Have
December 20, 2024  |  B2B Payments

The circle of trust and the issues around risk management explored in PYMNTS’ recent “What’s Next in Payments” articles are often heavy on future technology....

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Visa Finalizes Featurespace Purchase to Boost Fraud Prevention
Visa Finalizes Featurespace Purchase to Boost Fraud Prevention
December 19, 2024  |  Acquisitions

Visa said it completed its acquisition of financial crime/payments fraud prevention provider Featurespace. Get the Full Story Complete the form to unlock this article and...

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ValidiFI: Cross-Referencing Identity Elements Helps Spot Fraud Risk
ValidiFI: Cross-Referencing Identity Elements Helps Spot Fraud Risk
December 19, 2024  |  Security & Fraud

Consumers who initially appear low risk based on basic bank account validation may be revealed to be fraudsters when analyzed with additional signals and insights,...

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Beyond Breaches: Why Security and Trust Are the Real Currency of Payments
Beyond Breaches: Why Security and Trust Are the Real Currency of Payments
December 19, 2024  |  Security & Fraud

The stakes for fraud prevention and data security are rising with innovation across digital payments. Get the Full Story Complete the form to unlock this...

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Bureau Raises $30 Million for Anti-Fraud Campaign With PayPal Ventures’ Help
Bureau Raises $30 Million for Anti-Fraud Campaign With PayPal Ventures’ Help
December 18, 2024  |  Investments

Fraud prevention/compliance platform Bureau has raised $30 million in a Series B round. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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QR Codes Are Everywhere — But Are They Safe for Payments?
QR Codes Are Everywhere — But Are They Safe for Payments?
December 18, 2024  |  Security & Fraud

QR codes have become a common feature in retail, marketing and payment systems, changing the way businesses engage with consumers while offering convenience and efficiency....

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Visa: AI Helped Block 85% More Fraud on Cyber Monday
Visa: AI Helped Block 85% More Fraud on Cyber Monday
December 17, 2024  |  Fraud Prevention

Visa’s artificial intelligence (AI) and machine learning capabilities enabled it to block 85% more suspected fraud globally on Cyber Monday compared to a year earlier....

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